Restaurant/cafe to rent in Cheltenham GL50

£40,000.00 pa < Back to search results

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Property Description

Cheltenham is a Regency Spa town having a population of 115,000 (source Office for National Statistics 2010), located approximately 99 miles to the west of London and midway between Bristol and Birmingham adjacent to junction 11 of the M5 motorway with dual carriageway access to London via the A417/419 and M4 motorway. Railway services are to London Paddington (2 hours 10 mins).

The town hosts several major international festivals for science, literature, music, and national hunt racing.

Retailing in Cheltenham is centred on the High Street, with the recently opened flagship John Lewis store being approximately 50 metres distant.

Other occupiers in the vicinity include Costa Coffee, Argos, Subway, Lloyds Bank, Barclays Bank, New Look, Sainsburys Local, Lidl, River Island, H & M, Marks & Spencer, Pret A Manger, O2, Ladbrokes, and numerous other national and independent retailers.

The property comprises a mid-terrace three storey building which has been refurbished to provide a fully fitted restaurant on the ground floor, with main servery and seating area to the front, kitchen/store, and separate WC facilities to the rear.

The upper floors provide ancillary storage and manager’s office accommodation.

Rear access is provided to/from Bath Street.

Planning permission was granted in June 2018 under application reference 18/00583/ful for a change of use to Class A3 (Restaurant) Use.

Permitted Development Rights allow for a change of use to Class A1 (Retail) Use.

The premises are available on a new full repairing and insuring lease, for a period of years to be agreed, at an initial rent of £40,000 per annum exclusive.

The lease will contain a provision for periodic upward only rent reviews and a rent deposit may be required.

The property is elected for VAT.

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